AshGrove Capital Provides $14 Million Credit Facility to Hanzo Archives
Hanzo is a leading UK-based archive and e-discovery platform which empowers legal and compliance teams to efficiently manage and analyse complex data sources
AshGrove’s capital will help to drive Hanzo’s continued organic growth through further advancing its artificial intelligence (AI) capabilities
London, August 23, 2024 -– AshGrove Capital is pleased to announce a $14 million senior secured investment in Hanzo Archives (“Hanzo” or “the Business”), a leading UK-based archive and e-discovery platform.
Hanzo offers an archive and e-discovery platform that helps enterprise organisations gain control of the structured and unstructured data from collaboration and communication applications, social media platforms and dynamic websites. Its key solutions are mainly adopted by large blue-chip customers for compliance, records management and e-discovery purposes in the US and Europe.
The Business has grown strongly over recent years, underpinned by ongoing digital transformation across industries and the associated growing need for comprehensive archiving solutions to manage the expanding volume and complexity of digital content. In conjunction, increasingly stringent regulatory requirements are driving demand for robust archiving solutions that enable organisations to efficiently capture, retain, and retrieve digital communications and data for compliance purposes.
AshGrove’s investment will enable Hanzo to further advance its artificial intelligence (AI) capabilities and solidify its leadership position in this transformative trend within the legal and compliance industries.
This marks the third investment by AshGrove Specialty Lending Fund II (ASLF II), a €650m fund committed to providing tailored credit solutions to high quality small and medium sized European B2B software and services companies.
Phil Fretwell, Partner at AshGrove Capital, commented: “As a leading provider of complex archiving and e-discovery solutions, Hanzo has demonstrated a clear vision for the future of legal and compliance technology and has taken a leadership role in AI innovation. This builds on top of the business’ robust fundamentals resulting from the embeddedness of its products and its high-quality customer base. We are excited to support a strong management team with a cutting-edge, innovative agenda that, in our view, will further accelerate the growth of the business.”
Julien Masanes, CEO of Hanzo said: “We are delighted to partner with AshGrove Capital to support our strategic initiatives. This transaction provides us with the financial flexibility to accelerate our investment in AI technologies, empowering us to continue to deliver powerful automation solutions to our clients. We are laser-focused on maintaining our leadership position in AI-driven legal and compliance solutions, recognising its critical role in shaping the future of our industry. This investment will help us achieve that goal.”
About AshGrove Capital
AshGrove Capital is an independent pan-European specialty lender providing tailored credit solutions to European small and medium sized companies. The Firm focuses on senior secured investments in companies with resilient business models within B2B software and services, building long-term partnerships with businesses and their stakeholders. AshGrove integrates ESG principles and values in all aspects of its business, promoting responsible and sustainable business practices.
For more information, please visit www.ashgrovecap.com
About Hanzo
Hanzo is a pioneer in providing cutting-edge legal and compliance technology solutions. The company’s platform empowers legal and compliance teams to efficiently manage and analyze complex data sources, including electronically stored information (ESI), social media, and collaboration platforms. Hanzo’s solutions are trusted by Fortune 500 companies and leading law firms around the globe.
For more information, please visit https://hanzo.co/
Contact
AshGrove Capital
ashgrove@burwaycapital.com
